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Art of the Possible

Date Published: April 1, 2002
Publisher: Bloomberg Wealth Manager
Author: Jacobs, Deborah

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Many private foundations fall apart because family members just can’t agree on grants, the function that each generation should serve, or a succession plan, says Ellen Remmer,director of family philanthropy practice at the Philanthropic Initiative, a Boston not-for-profit that supports charitable work.Family dramas often overlay the decision-making process, she says. Though you can’t expect a foundation to rehabilitate a dysfunctional family, there are steps advisers can recommend to reduce the squabbles,says Remmer.

 

 
 
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